Listing Number: 76931-226002
Description
Up for sale is a Japanese sushi bar. Established in April of 2009, this popular local favorite is in a major shopping center in Houston. The restaurant is known for its unique and simple concept of being a self-serve sushi bar with varieties of dishes.
It has attracted many repeat customers from the nearby offices and residents in the community.
The professionally designed restaurant of 4,580 square feet, offers an additional 1,000 sq ft that includes an outdoor patio. The seller spent upwards of $800K on leasehold improvements, furniture, fixtures, and equipment when it was first built.
The restaurant has been profitable since it was established in 2009. Even if its revenue and profit have been impacted by the road construction in the front of the restaurant since 2022, revenue for the year 2023 was still $1,298,486 with an SDE of $258,050.
The seller is motivated to sell because he is changing his business focus to another business line.
SBA loans are pre-approved. Rare opportunity to acquire one of the top grossing restaurants in the area at a low price.
Listing Details
- Price: $455,000
- Down Payment: $455,000
- Sellers Discretionary Earnings: $258,050
- Total Sales: $1,298,483
- Location: Houston, Harris County, Texas
- Inventory: $10,000
- FF&E: $100,000
- Employees: 12
- Year Established: 2009
- Reason for Selling: Change of business focus
- Category: Restaurants
